MasterCard Incorporated announced financial results for the third quarter of 2013. The company reported net income of $879 million, up 14%, and earnings per diluted share of $7.27, up 18%, in each case versus the year-ago period. Net revenue for the third quarter of 2013 was $2.2 billion, a 16% increase versus the same period
MasterCard announced the launch of the first bank-issued digital wallet service in Australia powered by MasterPass – CommBank Checkout from Commonwealth Bank. Commonwealth Bank customers shopping online with CommBank Checkout will now be able to make purchases at thousands of MasterPass-enabled online retailers around the world – and more than 200 Australian retailers including; Event
Green Dot Corporation and Walmart announced they have expanded the line of Walmart MoneyCard® reloadable prepaid debit cards to include six new card types designed to meet the needs of their growing customer base. Issued by Green Dot, the Walmart prepaid debit card portfolio now includes nine cards, and is available in more than 4,100 Walmart
As government, NGO and business leaders gather at the Financial Inclusion 2020 Global Forum in London, MasterCard president and CEO Ajay Banga emphasized the central role electronic payments play for advancing financial access. “Today’s payments technology – prepaid and mobile coupled with biometrics – brings millions of people access to financial tools for the first
In line with its commitment to enhance electronic payment card penetration in Egypt, MasterCard announced the appointment of Emerging Markets Payments (EMP), the leading electronic payments processing company in the Middle East and Africa region, as a Principal Member in Egypt. Through this, EMP will be able to sponsor issuers in Egypt and other African
Etisalat Group, the leading telecoms operator in the Middle East, Asia and Africa, at GITEX Technology Week celebrated an enduring partnership with MasterCard that has brought award-winning technology to the market. “Over the last few years, Etisalat has used GITEX as a platform to launch innovative solutions that are now being used by millions of
MasterCard announced that Sam Ahmed has been appointed to the role of group head, Marketing, Asia/Pacific, Middle East and Africa (APMEA), effective October 14, 2013. Based in Singapore, Ahmed will be responsible for the management of the region’s marketing teams, and will work to ensure that the company’s brand positioning is executed effectively. He will
The Western Union Company, a leader in global payment services, together with Lottomatica and MasterCard announced the launch of the My WU® reloadable prepaid card in Italy. Lottomatica, the brand through which GTECH S.p.A operates in Italy, is one of the most trusted and well-known brands in Italy, is the first company in Europe to
MasterCard is announcing an exclusive, global partnership with the world’s leading parking services provider, Parkeon, to enable shoppers to benefit from local merchant offers and loyalty services through their global network of smart parking terminals. This unique couponing platform, developed by MasterCard, will enable the delivery of offers from locally relevant retailers directly to shoppers
One year on from the easing of US sanctions in Myanmar, MasterCard and CB Bank have announced their first payment product in the country – a prepaid travel card for locals called the CB Bank EASI Travel Prepaid MasterCard card. The reloadable prepaid card will be made available to Myanmar residents for when they travel
